Class Matters

Sebastian Mallaby in the Post a couple days ago on:

Class Matters: "But in 1980, the top fifth of families earned 7.7 times as much as the bottom fifth; by 2001, that ratio had risen to 11.4. So even though the bottom fifth of households made modest gains, the inequality ratio jumped by almost 50 percent. If you measure inequality by wealth rather than earnings, the results are even more preposterous."

Read the whole thing. He criticizes liberals at the end for concentrating on programs, particularly defending them, rather than broadbased reforms. I think that's right, although the likelihood of big reforms is low.